GPS Liquidity, Liquidity Product Manager II

New York, New York;Charlotte, North Carolina

Job Description:

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

At Bank of America, each day brings innovation and opportunity. We are dedicated to turning technology advances into treasury solutions for our clients globally - across all segments and industries. We are looking for highly motivated, self-starters who can advocate for our clients in providing liquidity management, payments and receipts, trade and supply chain finance, FX and commercial card services, by complementing high tech with a personalized touch. Challenge the status quo and influence peers with diverse points of view. Forward thinkers with ability to see what's next in treasury management. The future of treasury management is here at Bank of America. Powered by people. Driven by Technology.

The Liquidity Product Team in GPS is responsible for managing over $500B of corporate and commercial deposits across 40 different currencies. The team covers deposit strategy, deposit pricing, deposit appetite, product development and product management - including sweeps, zero balance accounts, physical cash concentration and multi-currency notional pooling. The team also supports large/complex liquidity deals, drives liquidity thought leadership, analyzes the impact of monetary policy on wholesale banking and leads the GPS response to regulatory changes/inquiries.

The Global Liquidity Product Management and Development team is responsible for managing a core set of Liquidity Products as well as developing new products and capabilities in the Liquidity Product space. The team seeks to empower and enable the organization through data enablement and product development while managing the end-to-end product lifecycle, including ideation of new capabilities, creating a global product vision with corresponding Product roadmaps.

We are seeking a Liquidity Cash Concentration Product Manager that will own the Cash Concentration Product suite end to end. The Product Manager should have strong product management skills and work cross-functionally with internal business partners to manage and enhance the product set.

The ideal candidate will have experience identifying business development opportunities, developing a strategy and vision for the product, and executing on it while ensuring clear communication with stakeholders across the organization.

Responsibilities:

• Oversees a set of product(s) and maintains financial responsibility, including accountability for profit and loss activities such as revenue, profit margins, etc.

• Identifies and creates plans for product development, supporting the creation of sales training programs, and marketing materials to educate clients and internal teams on product capabilities

• Understands product functionality, marketplace trends, and the competitive landscape to provide awareness of trends to sales and marketing teams

• Develops and/or influences product strategy, driving products in cash management to provide comprehensive solutions across the bank

• Partners with internal stakeholders to obtain meaningful insights about markets, clients, and competitors in order to develop products that solve client needs and ensure high adoption rates

• Drives transaction and revenue growth and manages associated financial processes (i.e., forecast, monthly flash reporting, etc.)

• Collaborates with internal technology subject matter experts and researches product-related trends in order to provide an integrated and automated client experience.

• Diversity & Inclusion Champion: Models an inclusive environment for employees and clients, aligned to company D&I goals.

• Demonstrates deep process knowledge, operational excellence and innovation through a focus on simplicity, data based decision making and continuous improvement.

• Enterprise Advocate & Communicator: Communicates enterprise decisions, purpose, and results, and connects to team strategy, priorities and contributions.

• Risk Manager: Ensures proper risk discipline, controls and culture are in place to identify, escalate and debate issues.

• Provides inspection, coaching and feedback to motivate, differentiate and improve performance.

• Financial Steward: Actively manages expenses and budgets in alignment with objectives, making sound financial decisions.

• Driver of Business Outcomes: Delivers results by effectively prioritizing, inspecting and appropriately delegating team work.

Skills:

• Product Design and Development; Experience creating, maintaining and communicating product roadmaps

• Product Management; Experience managing products through the product lifecycle

• Project Management; Experience delivering and leading complex, cross functional projects

• Strategy Planning and Development

• Innovative Thinking

• Process Management

• Relationship Building

• Experience preferred in Liquidity and Cash Management, specifically with Cash Concentration products

• Ability to breakdown problems, develop collaborative solutions, and drive results

• Intellectually curious and have strong analytical and problem solving skills

• Must think strategically and make sound judgment calls

• Comfortable interacting with senior colleagues throughout the organization

• Familiarity with product development in an agile framework

• Passion for Product Development

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .